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Indonesian Islamic Bonds Gain a Foothold
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Indonesian Islamic Bonds Gain a Foothold

Our Correspondent
May 04, 2009
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Indonesian Islamic Bonds Gain a Foothold
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The recent issuance of $650 million of Indonesian government dollar-denominated retail Islamic bonds with a five year maturity and an 8.8 percent yield, backed by a 100 percent government guarantee and underlying assets, received orders totaling $4.7 billion and was massively over-subscribed.

That is despite the global economic and financial crisis and q…

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